Your Own Blue Ocean - Deepstash

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Your Own Blue Ocean

Rather than competing in games where you’re an underdog, find unexplored new markets in which you can win.

Examine both your unique skill set and the competitive landscape to find your “Blue Ocean”.

Process the competitive landscape by asking:

  • Is this a place where you believe you can do well, given who your competition is?
  • Do you possess the necessary resources to compete?
  • Do you need to acquire specific resources before you can compete?
  • Have you educated yourself about the competition?
  • Is there some additional benefit your competitor has that you can’t beat, no matter what you do?




Seven-step system to compress time frames and increase speed:

You need to identify what matters the most to you to put a strategy together that fits your level of commitment and vision.

As your company grows, you will constantly replace yourself with others.

Working effectively with others will mean the difference between enjoying the process and desperately seeking a day job while hiding under your desk.

Before you act on a problem, you must first “process” what’s happening. The key to success at all levels of business is to know how to process issues:

Problems might be different, but the way you process them should not.

List your tasks and skills. Make a list of all your tasks and skills and determine which ones you are good and bad at.

  • Know your weaknesses. Knowing your weaknesses will enable you to pivot when taking on your Goliath
  • Know Goliath’s weaknesses.
  • Master three things you do better.
  • Don’t try to be Goliath.  Don’t copy
  • Specialize. Goliaths tend to generalize in order to spread the...

Instead of reacting emotionally to problems, use the Investment Time Return (ITR) formula to reach an objective conclusion.

You can break down Drive into four categories:

A simple rule of business is that in order to get, you have to give. Most amateurs are experts at making demands. What they fail to do is offer value first. When you put yourself into the other party’s shoes and lead with how they will win and make money, it will be natural for them to give y...

  • Don’t be afraid to call them out when they don’t keep their word. 
  • Ask why they broke their promise. Get a specific answer.
  • Make specific quantitative statements, not blanket qualitative ones. Give them specific challenges to meet that can be measured and have deadlines.
  • ...

  • Find at least 3 alternative solutions to a given problem. The more choices you have, the better are your decisions
  • Determine the money investment of each solution
  • Determine the time investment of each solution. Is it a 3-month project or a 6-month project?
  • Calculate t...

  • Ask lots of questions. Having more data leads to making better assumptions
  • Don’t care about being right or wrong. Be only interested only in the truth.
  • Don’t make excuses. Wasting time and effort on why things went wrong is not productive
  • Embrace challenges
  • Be...

Ways you give and receive love into 5 categories:

People often feel lost after a big deadline because their driver is suddenly gone.

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